Aspiriant LLC Decreases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Aspiriant LLC cut its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 7.7% during the first quarter, HoldingsChannel reports. The firm owned 1,536 shares of the financial services provider’s stock after selling 128 shares during the quarter. Aspiriant LLC’s holdings in Intercontinental Exchange were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Fortitude Family Office LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Stuart Chaussee & Associates Inc. acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. Finally, Sachetta LLC purchased a new position in Intercontinental Exchange in the fourth quarter worth $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.0 %

ICE opened at $137.39 on Thursday. The business has a 50-day moving average of $134.14 and a two-hundred day moving average of $132.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange, Inc. has a 12 month low of $104.49 and a 12 month high of $140.43. The stock has a market capitalization of $78.81 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. Intercontinental Exchange’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. On average, research analysts expect that Intercontinental Exchange, Inc. will post 5.96 earnings per share for the current year.

Insider Activity at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the sale, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Judith A. Sprieser sold 2,267 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the transaction, the director now owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Intercontinental Exchange, Inc bought 350,880 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was acquired at an average cost of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the transaction, the insider now owns 649,934 shares in the company, valued at $565,442.58. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 60,996 shares of company stock worth $8,361,411. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ICE. Keefe, Bruyette & Woods lowered their target price on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Morgan Stanley lifted their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Finally, Citigroup upped their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.29.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.